earningsseason
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In hisDaily Market Notes report to investors, Louis Navellier wrote: Market Melt-upThe market is melting up. Equities are on fire and have gone one way since mid-May. The FOMO (Fear of Missing Out) is becoming intense. The earnings season has kicked off with a very positive tone. Interest rates are drifting lower, gold and crude oil are drifting higher, as are high yield and crypto. The VIX is back near the low for the year. The rally is broadening with the even weighted S&P and Russell 2000 outperforming. Nobody is talking about the Fed’s hawkishness, the weakness in China, nor the escalation...
ValueWalk
In hisDaily Market Notes report to investors, Louis Navellier wrote: Rinse & RepeatA repeat of yesterday: Inflation data soft, the market jumps. PPI came in below estimates with the Core PPI y-o-y rate of 2.4% the lowest since Jan ’21. At the same time, jobless claims came in below estimates. Interest rates continue to fall as the conclusion that July will be the last Fed increase becomes the consensus. The 2yr US Treasury is down another 9bps, the 10yr another 6bps. More importantly, the US dollar index has fallen below 100, very good news for international earnings. Gold is higher, crude oil...
ValueWalk
In hisDaily Market Notes report to investors, Louis Navellier wrote: Earnings Season > InflationInflation data this week won’t be as important as earnings season. As the likelihood of another 25bps rate hike by the Fed in May seems to be widely accepted, what inflation numbers come in this week only has major importance if Jay Powell clearly states that they plan to pause after May. This appears to be wishful thinking given Powell’s consistent data-driven responses in the past. Q1 2023 hedge fund letters, conferences and more Market pundits see an additional increase after May just as likely i...
ValueWalk
In hisDaily Market Notes report to investors, Louis Navellier wrote: Manufacturing data is weaker, inflation data is higher, yields are up, and stocks are down. ISM manufacturing PMI for February came in softer than forecast but prices rose much more than expected. The 2-year US Treasury yield is up to 4.84%, the highest since 2004, up over 40bps YTD The US 10-year is now 3.99%. Stocks are not liking these developments, as the indexes attempted to rally on the open and then headed south, following the bond market. Q4 2022 hedge fund letters, conferences and more More Fed speak today reinforced...
ValueWalk
In hisDaily Market Notes report to investors, Louis Navellier wrote: Risky FOMOThe S&P bounces back over 4,100 despite higher interest rates. Stocks are motoring back towards last week’s highs in the early hours of trading, even as interest rates, notably the US 2-year, remain elevated. The higher short rates are hurting gold, now up less than 1% YTD (silver is down 8.2% YTD) and supporting the US dollar index, now back above 103. Q4 2022 hedge fund letters, conferences and more Crude oil has pulled back modestly below $80/bbl, natural gas is back below $2.45 and gasoline is holding at $2.50. ...
ValueWalk
In hisDaily Market Notes report to investors, Louis Navellier wrote: Encouraging JanuaryOptimism about softer inflation continues, and stocks are higher. Stocks went out on a high yesterday and continued the upward trend this morning, approaching the midday high of last Friday. The NASDAQ is on its way to the first 4-day run-up since September.Investors are encouraged by a strong start in January which historically has led to strong years. Q4 2022 hedge fund letters, conferences and more Hopes for a Fed pivot in 2023 are not dead despite the insistence by all Fed speakers that they want to get...
ValueWalk
Hot analyst’s calls can be sure-fire catalysts for higher stock prices and those catalysts gain strength when more than one analyst makes the call. The Q2 earnings reporting season was lackluster, but not all companies delivered the same results and the analysts are noticing. Some, like Enphase (NASDAQ:ENPH), Tesla (NASDAQ:TSLA), Cigna (NYSE:CI), Paypal (NASDAQ:PYPL), and FedEx (NYSE:FDX) put in better than expected performance and issued positive guidance that has them on track to outperform in the back half of the year. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financ...
ValueWalk
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